Northwest Wealth Management LLC Buys 1,488 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Northwest Wealth Management LLC raised its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 91.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,116 shares of the company's stock after acquiring an additional 1,488 shares during the period. Northwest Wealth Management LLC's holdings in Casey's General Stores were worth $1,235,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. YANKCOM Partnership bought a new stake in shares of Casey's General Stores during the fourth quarter worth approximately $34,000. Endeavor Private Wealth Inc. bought a new stake in shares of Casey's General Stores during the fourth quarter worth approximately $36,000. Venturi Wealth Management LLC boosted its stake in shares of Casey's General Stores by 941.7% in the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company's stock valued at $47,000 after buying an additional 113 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Casey's General Stores by 24.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock valued at $59,000 after buying an additional 29 shares during the period. Finally, Heck Capital Advisors LLC bought a new stake in shares of Casey's General Stores in the fourth quarter valued at approximately $79,000. Institutional investors own 85.63% of the company's stock.

Casey's General Stores Price Performance

Shares of NASDAQ:CASY traded down $12.79 during trading on Tuesday, hitting $386.89. 196,875 shares of the company were exchanged, compared to its average volume of 267,202. The business's 50 day moving average is $409.58 and its 200-day moving average is $400.36. The company has a market capitalization of $14.36 billion, a P/E ratio of 26.96, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. Casey's General Stores, Inc. has a 1-year low of $303.95 and a 1-year high of $445.17.

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Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.57. The company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.74 billion. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.33 earnings per share. Equities analysts forecast that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey's General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.50 dividend. The ex-dividend date is Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a yield of 0.52%. Casey's General Stores's payout ratio is 13.94%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CASY. BMO Capital Markets reiterated a "market perform" rating and issued a $450.00 price target (up from $400.00) on shares of Casey's General Stores in a research note on Wednesday, December 18th. StockNews.com cut Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Evercore ISI cut their price target on Casey's General Stores from $460.00 to $450.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Royal Bank of Canada set a $438.00 price target on Casey's General Stores and gave the company a "sector perform" rating in a research note on Wednesday, March 12th. Finally, Gordon Haskett upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $423.09.

Insider Activity at Casey's General Stores

In other news, Director Mike Spanos purchased 500 shares of the business's stock in a transaction on Monday, December 23rd. The shares were acquired at an average price of $396.76 per share, with a total value of $198,380.00. Following the completion of the transaction, the director now owns 3,097 shares of the company's stock, valued at $1,228,765.72. The trade was a 19.25 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is currently owned by company insiders.

About Casey's General Stores

Casey's General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.